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I felt the same when I tried LinkedIn ads... It doesn't even compare to a poorly targeted Reddit post. I don't know if big companies get special treatment, but
by jondubois 10y ago
I felt the same when I tried LinkedIn ads... It doesn't even compare to a poorly targeted Reddit post.
I don't know if big companies get special treatment, but as a small startup, these ad networks just don't seem to work at all.
Sometimes I feel that the reason why big companies advertise through Facebook/LinkedIn/Google is not to promote themselves, but rather, to bleed small competitors out of business by inflating the CPC/cost of acquisition for their industry.
- abalashov 10y agoThat is a cynical, but not wholly implausible view. Big companies' ad campaigns do have their weaknesses. Their keywords can be poached by small competitors. Well-known brands invite comparisons, e.g. "HipUpStart.io is a better $BIG_BOX_BRAND."
- somid3 10y agoIt could be that the 10% traffic does give them an edge, or you're right about the CPC inflation argument as well. Overall, there is something wrong with the current model since it impedes innovation by allowing smaller players to properly reach the masses. A weird way of defensibility via marketing.
- wheaties 10y agoBig companies use more advanced features like adaptive audience segmentation or dynamic creatives to better target viewers. Hence they tend to bid on those who are statistically more relevant to them.
- matt4077 10y agoI'm spending ca $150/mo on google and getting a few hundred in revenue from it – not even including repeat purchases from these sales (about 80% y/y retention). It's been like that for 8 years. Facebook on the other hand... Probably spend $2000 trying all sorts of things over the years and I'm not sure if there's a single new customer that can be attributed to it.
- agopaul 10y agoAre those Google ads Search or Display?
- matt4077 10y agoSearch ads only.
- brianwawok 10y agoWhat product so you sell? If industrial drilling equipment, Facebook is hard. If it's a t-shirt that makes a trendy joke, Facebook will do well.
- matt4077 10y agoPhysical consumer goods with orders in the $30-$200 range.